January 2021

Smart home market revenues rise by 16% to $77bn amid Covid

The global smart home market has witnessed impressive growth in recent years, driven by the growing adoption of smart devices, the increasing need for energy-saving solutions, and the rising importance of home monitoring systems. According to data presented by Buy Shares, the revenues of the global smart home market jumped by 16% year-over-year to $77bn in 2020. The increasing trend is set to continue...

Are you up to date with current Electrical Certificate requirements?

What is the Electrical Certificate? The Electrical Installation Condition Report, or EICR, as it is commonly known, is a health and safety assessment of the installation and current condition of the electrical system in a property. The EICR inspection is an important way to identify any potential defects in the electrical system which could potentially be dangerous to users. What are the legal...

The North will prove hard for investors to ignore in 2021

Global real estate agent Jones Lang LaSalle recently forecast that Manchester will see the highest sales price growth and rental price growth in the UK over the next five years at 17.1% and 16.5% respectively. Following a year of ups and downs in the housing market due to the pandemic and March lockdown, the property investment market starts the year on a strong footing, with house prices across all...

Busiest month on record for ten years as transactions surge 31.5 per cent in December

There was no sign of the usual traditional slowdown in the UK property market at the end of last year. Instead, December followed suit with the rest of the year, bucking trends and ripping up the rule-book to end in a blaze of activity. The latest data released this morning from HMRC shows the extent of this, revealing that residential property transactions totalled 129,400 during the month, 31.5%...

How can landlords better support tenants who are working from home?

There are currently unprecedented numbers of people working from home due to the pandemic, with many in rented accommodation and at over half indicating that they want to permanently work from home for most of the week – an almost six-fold rise since the start of lockdown. Furthermore, it is estimated that the 23.9 million Brits working from home are saving around £1.1bn each week between...

Homeowners urged to review home security during lockdown

Despite the vast majority of Brits spending more time at home than ever before, newly released data has revealed that 356,000 homes were broken into last year prompting security experts to issue warnings surrounding improving home security during lockdown. Security retailers, safe.co.uk, looked closely at the security home measures Brits go to, to keep themselves safe in their home, after a study found...

Majority of conveyancers want stamp duty scrapped

As the deadline for the current stamp duty holiday draws closer, a new survey has revealed that the majority of conveyancers would like to see an end to the tax altogether. According to a snap poll run by Index West Midlands, 51.2% think scrapping stamp duty will be the best course of action, but a fifth (23.8%) still believe the value banding rates have a place and should return to normal from the 1st...

Majority of BTL lenders can’t make stamp duty deadline

Majority of BTL lenders can’t make stamp duty deadline

With the stamp duty deadline drawing closer, newly released data has revealed that over half of BTL lenders currently active in the market are incapable of getting a deal done before time runs out. Specialist buy-to-let broker, Mortgages for Business, is warning landlords that only 47% of the BTL lenders who are actively lending at the moment could still make the deadline. And the broker says even...

UK’s shared rental hotspots

Where are the UK’s shared rental hotspots?

Newly released data from research from Spotahome has revealed which major UK cities are home to the highest level of shared accommodation, for those looking to beat lockdown monotony of living alone. The firm analysed rental market listing data from the major property portals across 23 major UK cities and looked at the total number of rental properties listed for rent, how many of these were shared...

UK’s oddest home sellers

Where are the UK’s oddest home sellers?

These are strange times for sure, odd in fact. However, odd may not be such a bad thing, particularly if you have a property to sell. The latest research by the estate agent comparison site, GetAgent.co.uk, has found that a little oddness goes a long way in the world of property. The firm analyzed sold price records across England and Wales over the last 12 months, cutting the residential market in two...

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